VIRC · Virco Mfg Corporation - Financials
Annual line items from SEC XBRL filings, sourced from EDGAR's Company Facts API with fallback to the quarterly Financial Statement Data Sets. See issuer overview for Form 4 activity and 10-K signals.
Income Statement
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $33.75M | $47.64M | $92.09M | $46.73M | $82.62M | $108.42M | $34.94M | $84.25M | $107.32M | $32.08M |
| Cost of Revenue | $17.73M | $29.54M | $51.21M | $26.39M | $45.94M | $58.20M | $21.74M | $46.04M | $58.74M | $22.38M |
| Gross Profit | $16.02M | $18.09M | $40.87M | $20.35M | $36.68M | $50.22M | $13.20M | $38.21M | $48.58M | $9.71M |
| R&D | - | - | - | - | - | - | - | - | - | - |
| SG&A | $16.11M | $19.79M | $25.50M | $17.38M | $25.57M | $28.32M | $14.51M | $23.50M | $27.32M | $14.45M |
| Total Operating Expenses | - | - | - | - | - | - | - | - | - | - |
| D&A | $1.53M | - | - | $1.33M | - | - | $1.20M | - | - | $1.13M |
| Operating Income | ($94.0K) | ($1.69M) | $15.37M | $2.97M | $11.11M | $21.89M | ($1.31M) | $14.71M | $21.25M | ($4.74M) |
| Interest Expense | $60.0K | $40.0K | $205.0K | $208.0K | ($24.0K) | $322.0K | $712.0K | $765.0K | $1.08M | $427.0K |
| Income Tax | $262.0K | ($484.0K) | $3.98M | $731.0K | $2.88M | $5.23M | ($444.0K) | $3.30M | $4.80M | ($282.0K) |
| Net Income | $732.0K | ($1.32M) | $10.19M | $2.14M | $8.40M | $16.83M | ($1.44M) | $10.16M | $15.53M | ($5.08M) |
| EPS - Basic | $0.05 | ($0.08) | $0.65 | $0.13 | $0.52 | $1.04 | ($0.09) | $0.62 | $0.95 | ($0.32) |
| EPS - Diluted | $0.05 | ($0.08) | $0.65 | $0.13 | $0.52 | $1.04 | ($0.09) | $0.62 | $0.95 | ($0.32) |
Balance Sheet
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash & Equivalents | $14.40M | $26.51M | $2.61M | $26.87M | $38.86M | $7.77M | $5.30M | $4.89M | $1.60M | $1.06M |
| Accounts Receivable | $13.59M | $13.80M | $46.82M | $13.00M | $28.17M | $56.06M | $23.16M | $33.03M | $68.59M | $18.43M |
| Inventory | $56.73M | $53.09M | $59.87M | $55.65M | $48.95M | $58.57M | $58.37M | $58.93M | $71.85M | $67.41M |
| Accounts Payable | $7.39M | $5.71M | $17.07M | $11.59M | $15.38M | $26.09M | $12.95M | $14.35M | $27.85M | $19.45M |
| Current Assets | $98.73M | $96.80M | $111.89M | $102.17M | $119.45M | $125.33M | $89.03M | $98.83M | $144.33M | $89.07M |
| Total Assets | $174.18M | $181.54M | $198.64M | $191.95M | $210.15M | $216.35M | $146.44M | $157.04M | $204.34M | $150.13M |
| Current Liabilities | $31.98M | $24.31M | $37.74M | $34.27M | $41.54M | $55.51M | $38.53M | $41.63M | $91.06M | $48.52M |
| Long-term Debt | $3.61M | $3.68M | $3.75M | $3.88M | $3.94M | $4.01M | $4.14M | $7.95M | $14.26M | $14.38M |
| Total Liabilities | - | - | - | - | - | - | - | - | - | - |
| Stockholders' Equity | $105.93M | $113.64M | $115.38M | $109.27M | $115.86M | $107.81M | $91.18M | $93.79M | $82.30M | $68.06M |
| Retained Earnings | ($7.88M) | ($456.0K) | $1.26M | ($8.87M) | ($2.73M) | ($10.73M) | ($29.05M) | ($26.38M) | ($36.54M) | ($50.63M) |
Cash Flow
| Line item | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating Cash Flow | ($19.03M) | - | - | ($4.51M) | - | - | ($11.71M) | - | - | ($18.97M) |
| Investing Cash Flow | ($2.44M) | - | - | ($941.0K) | - | - | ($1.53M) | - | - | ($609.0K) |
| Financing Cash Flow | ($4.46M) | - | - | $806.0K | - | - | $12.82M | - | - | $18.75M |
| CapEx | $2.44M | - | - | $1.09M | - | - | $1.53M | - | - | $609.0K |
| Free Cash Flow | ($21.48M) | - | - | ($5.59M) | - | - | ($13.25M) | - | - | ($19.57M) |
Ratios
| Metric | Q1 '26 | Q3 '26 | Q2 '26 | Q1 '25 | Q3 '25 | Q2 '25 | Q1 '24 | Q3 '24 | Q2 '24 | Q1 '23 |
|---|---|---|---|---|---|---|---|---|---|---|
| Profitability | ||||||||||
| Gross margin | 47.5% | 38.0% | 44.4% | 43.5% | 44.4% | 46.3% | 37.8% | 45.4% | 45.3% | 30.3% |
| Operating margin | -0.3% | -3.6% | 16.7% | 6.4% | 13.5% | 20.2% | -3.8% | 17.5% | 19.8% | -14.8% |
| EBITDA margin | 4.3% | - | - | 9.2% | - | - | -0.3% | - | - | -11.3% |
| Net margin | 2.2% | -2.8% | 11.1% | 4.6% | 10.2% | 15.5% | -4.1% | 12.1% | 14.5% | -15.8% |
| Free cash flow margin | -63.6% | - | - | -12.0% | - | - | -37.9% | - | - | -61.0% |
| FCF / Net income | -29.34 | - | - | -2.61 | - | - | 9.19 | - | - | 3.85 |
| R&D / Revenue | - | - | - | - | - | - | - | - | - | - |
| SG&A / Revenue | 47.7% | 41.5% | 27.7% | 37.2% | 30.9% | 26.1% | 41.5% | 27.9% | 25.5% | 45.0% |
| Effective tax rate | 26.4% | - | 28.1% | 25.5% | 25.5% | 23.7% | - | 24.5% | 23.6% | - |
| Return on assets | 0.4% | -0.7% | 5.1% | 1.1% | 4.0% | 7.8% | -1.0% | 6.5% | 7.6% | -3.4% |
| Return on equity | 0.7% | -1.2% | 8.8% | 2.0% | 7.3% | 15.6% | -1.6% | 10.8% | 18.9% | -7.5% |
| Return on invested capital | -0.1% | -1.1% | 9.3% | 2.0% | 6.9% | 14.9% | -1.1% | 10.9% | 16.8% | -4.5% |
| Liquidity | ||||||||||
| Current ratio | 3.09 | 3.98 | 2.96 | 2.98 | 2.88 | 2.26 | 2.31 | 2.37 | 1.58 | 1.84 |
| Quick ratio | 1.31 | 1.80 | 1.38 | 1.36 | 1.70 | 1.20 | 0.80 | 0.96 | 0.80 | 0.45 |
| Cash ratio | 0.45 | 1.09 | 0.07 | 0.78 | 0.94 | 0.14 | 0.14 | 0.12 | 0.02 | 0.02 |
| Leverage | ||||||||||
| Debt / Equity | 0.03 | 0.03 | 0.03 | 0.04 | 0.03 | 0.04 | 0.05 | 0.08 | 0.17 | 0.21 |
| Debt / Assets | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.02 | 0.03 | 0.05 | 0.07 | 0.10 |
| Debt / EBITDA | 2.51 | - | - | 0.90 | - | - | - | - | - | - |
| Interest coverage | -1.6x | -42.3x | 75.0x | 14.3x | -463.0x | 68.0x | -1.8x | 19.2x | 19.6x | -11.1x |
| Equity multiplier | 1.64 | 1.60 | 1.72 | 1.76 | 1.81 | 2.01 | 1.61 | 1.67 | 2.48 | 2.21 |
| Liabilities / Assets | - | - | - | - | - | - | - | - | - | - |
| Efficiency | ||||||||||
| Asset turnover | 0.19 | 0.26 | 0.46 | 0.24 | 0.39 | 0.50 | 0.24 | 0.54 | 0.53 | 0.21 |
| Inventory turnover | 0.31 | 0.56 | 0.86 | 0.47 | 0.94 | 0.99 | 0.37 | 0.78 | 0.82 | 0.33 |
| Days sales outstanding | 147d | 106d | 186d | 102d | 124d | 189d | 242d | 143d | 233d | 210d |
| Days inventory outstanding | 1168d | 656d | 427d | 770d | 389d | 367d | 980d | 467d | 446d | 1099d |
| Days payable outstanding | 152d | 71d | 122d | 160d | 122d | 164d | 217d | 114d | 173d | 317d |
| Cash conversion cycle | 1163d | 691d | 491d | 711d | 391d | 392d | 1005d | 497d | 507d | 992d |
| Valuation | ||||||||||
| P / E | 139.8x | - | 11.9x | 83.8x | 27.0x | 16.9x | - | 9.8x | 4.7x | - |
| P / B | 1.0x | 1.0x | 1.1x | 1.6x | 2.0x | 2.6x | 2.1x | 1.1x | 0.9x | 1.2x |
| P / S | 3.3x | 2.4x | 1.3x | 3.8x | 2.8x | 2.6x | 5.6x | 1.2x | 0.7x | 2.4x |
| EV / EBITDA | 69.1x | - | - | 36.2x | - | - | - | - | - | - |
| Growth | ||||||||||
| Revenue growth (YoY) | -27.8% | -42.3% | -15.1% | 33.7% | -1.9% | 1.0% | 8.9% | 8.9% | 29.6% | 13.1% |
| Revenue CAGR (3y) | 1.7% | -14.9% | 3.6% | 18.1% | 13.0% | 22.5% | 25.7% | 14.1% | 21.9% | - |
| Revenue CAGR (5y) | 13.9% | -3.4% | 9.2% | - | - | - | 9.1% | 1.9% | 8.8% | - |
| Gross profit growth (YoY) | -21.3% | -50.7% | -18.6% | 54.1% | -4.0% | 3.4% | 36.0% | 24.2% | 52.5% | 26.3% |
| Operating income growth (YoY) | - | - | -29.8% | - | -24.4% | 3.0% | 72.3% | 67.1% | 90.2% | -10.5% |
| Net income growth (YoY) | -65.8% | - | -39.5% | - | -17.3% | 8.4% | 71.6% | 29.0% | 60.5% | -30.1% |
| EPS growth (YoY) | -61.5% | - | -37.5% | - | -16.1% | 9.5% | 71.9% | 29.2% | 58.3% | -28.0% |
| EPS CAGR (3y) | - | - | 2.7% | - | 86.6% | 63.0% | - | 30.3% | 60.4% | - |
| EPS CAGR (5y) | - | - | 23.1% | - | - | - | - | 19.9% | 20.1% | - |
| FCF growth (YoY) | -283.8% | - | - | 57.8% | - | - | 32.3% | - | - | -172.2% |
| FCF CAGR (5y) | - | - | - | - | - | - | - | - | - | - |
| Book value growth (YoY) | -3.1% | -1.9% | 7.0% | 19.8% | 23.5% | 31.0% | 34.0% | 46.5% | 56.7% | 43.4% |
Dividends
$0.10/share trailing 12 months · +5.3% YoY
| Ex-date | Per share |
|---|---|
| Mar 20, 2026 | $0.0250 |
| Dec 19, 2025 | $0.0250 |
| Sep 19, 2025 | $0.0250 |
| Jun 20, 2025 | $0.0250 |
| Mar 26, 2025 | $0.0250 |
| Dec 20, 2024 | $0.0250 |
| Sep 20, 2024 | $0.0250 |
| Jun 21, 2024 | $0.0200 |
| Mar 6, 2024 | $0.0200 |
| Dec 21, 2023 | $0.0200 |
| Dec 26, 2018 | $0.0150 |
| Sep 25, 2018 | $0.0150 |
| Jun 25, 2018 | $0.0150 |
| Mar 22, 2018 | $0.0150 |
| Dec 27, 2017 | $0.0150 |
| May 11, 2011 | $0.0250 |
| Mar 2, 2011 | $0.0250 |
| Nov 3, 2010 | $0.0250 |
| Aug 25, 2010 | $0.0250 |
| May 12, 2010 | $0.0250 |
| Mar 3, 2010 | $0.0250 |
| Nov 6, 2009 | $0.0250 |
| Aug 28, 2009 | $0.0250 |
| May 1, 2009 | $0.0250 |